Royalty Interest definition

Royalty Interest is defined in Section 1.01.

Royalty Interest means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

Royalty Interest means the fee holder's share in the production from a well.

Examples of Royalty Interest in a sentence

• Royalty, interest, and other expenses paid to a related person that is not a UBG member of this taxpayer 22.23.

• The ownership interest may consist of one (1) of the following:(1) Royalty interest that shall not bear any of the cost of exploration, drilling, producing, operating, marketing, or any other expense associated with drilling and producing a well or operation of the unit.

• Royalty, interest, and other expenses paid to a related person not within the UBG (see instructions) 36.

• Royalty, interest and other expenses paid to a related person...........................................................37.

• If a Royalty Election is made, then SMC must pay to AXMIN a Royalty interest of 1.5% of Net Smelter Returns (“1.5% NSR”) from the sale or disposition of Minerals produced in the specified Target Area.

More Definitions of Royalty Interest

Royalty Interest means (a) an expense-free interest in any Property retained by a mineral lessor in a Lease, (b) an overriding royalty in any Property reserved by or conveyed to a Person, or (c) any other expense-free right to receive production or revenues from any Property.

Royalty Interest means an interest in an oil and natural gas property entitling the owner to shares of oil and natural gas production, free of costs of exploration, development and production operations.

Royalty Interest means that share of the product or profit that the owner of the land or mineral rights in the land reserves or is entitled to, whether under a lease or under this part, in consideration of permitting the development of the mineral rights. Royalty interest does not include oil or gas or interests in oil or gas.

Royalty Interest. (as defined in the Conveyances) has been conveyed and assigned to Mortgagee, as applicable, from Mortgagor and XxxxXxxxx Sub. Capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Conveyances.

Royalty Interest means the right to, or an

Royalty Interest means an interest in oil, natural gas or other minerals that entitles the owner of the underlying real property to a specified fraction of production, in kind or in value, free of the expense of development and operation, and which is payable out of the leasehold interest after deduction of the cost of processing, transporting and marketing such production.

Royalty Interest means an interest in a natural gas and oil lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.